Western New England Bancorp (NASDAQ:WNEB) Shares Pass Below 50 Day Moving Average - Should You Sell?

Western New England Bancorp, Inc. (NASDAQ:WNEB - Get Free Report) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.23 and traded as low as $8.94. Western New England Bancorp shares last traded at $8.96, with a volume of 58,625 shares.

Wall Street Analyst Weigh In

Separately, Seaport Res Ptn raised shares of Western New England Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th.

Western New England Bancorp Stock Up 0.2 %

The firm has a 50-day simple moving average of $9.23 and a 200 day simple moving average of $9.05. The company has a market capitalization of $188.18 million, a PE ratio of 16.20 and a beta of 0.71. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.95 and a quick ratio of 0.95.

Western New England Bancorp (NASDAQ:WNEB - Get Free Report) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. Western New England Bancorp had a return on equity of 4.91% and a net margin of 9.51%. During the same quarter in the prior year, the company posted $0.12 EPS. On average, research analysts predict that Western New England Bancorp, Inc. will post 0.6 EPS for the current fiscal year.

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Western New England Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a $0.07 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.28 annualized dividend and a dividend yield of 3.09%. Western New England Bancorp's dividend payout ratio (DPR) is presently 50.00%.

Institutional Investors Weigh In On Western New England Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WNEB. Dimensional Fund Advisors LP boosted its position in Western New England Bancorp by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,495,233 shares of the financial services provider's stock valued at $13,756,000 after buying an additional 5,560 shares during the last quarter. Fourthstone LLC boosted its holdings in Western New England Bancorp by 18.3% in the fourth quarter. Fourthstone LLC now owns 910,788 shares of the financial services provider's stock valued at $8,379,000 after purchasing an additional 140,981 shares during the last quarter. Susquehanna International Group LLP grew its stake in Western New England Bancorp by 186.2% during the 4th quarter. Susquehanna International Group LLP now owns 284,223 shares of the financial services provider's stock valued at $2,615,000 after purchasing an additional 184,907 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Western New England Bancorp by 22.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 186,592 shares of the financial services provider's stock worth $1,717,000 after purchasing an additional 34,297 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of Western New England Bancorp by 2.2% in the 4th quarter. Millennium Management LLC now owns 129,892 shares of the financial services provider's stock valued at $1,195,000 after purchasing an additional 2,735 shares in the last quarter. Hedge funds and other institutional investors own 67.95% of the company's stock.

About Western New England Bancorp

Western New England Bancorp, Inc operates as the holding company for Westfield Bank that provides a range of commercial and retail banking products and services to individuals and businesses. The company accepts various deposit accounts, including interest-bearing and noninterest-bearing checking, commercial checking, business, nonprofit and municipal checking, savings, money market and sweep, individual retirement, and other savings accounts; time deposits; certificates of deposit; and interest on lawyer's trust accounts.